Plan Ledger DOL Form 5500 · updated monthly

Dakota Consulting, Inc.401(k)

DAKOTA CONSULTING, INC 401(K) PLAN · SILVER SPRING, MD · plan year 2023

Reported admin expense ratio · 2023
0.47%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Dakota Consulting, Inc. reported $42,730 in plan administrative expenses for 2023: 0.47% of average plan assets, below the peer median. Employer contributions averaged $13,742 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.44% to 0.53%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Maryland (1,020th of 1,671), and 8,175th of 11,654 in professional & technical services. In 2023, employees put in $1.11 for every $1.00 the employer contributed; active participation has shrunk from 134 to 15 since 2022.

Plan summary
Net assets, end of year$9,443,195
Participants with balances151
Active participants15
Employer contributions$206,125
Employee contributions$229,597
Employer contribution per active participant$13,742
Average account balance$62,538
Benefits paid to participants$1,011,226
Plan auditUnmodified (clean) audit opinion
AuditorRUBINO & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$7.4M · 134 accts · $34K emplr
2023$9.4M · 151 accts · $206K emplr
2022$8.6M · 143 accts · $180K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$15,203
Investment management$27,527
Total administrative$42,730
The Dakota Consulting, Inc. 401(k) match · 2023
Employer contribution per active participant$13,742
Median for plans this size$1,308
2024$8,598 per active participant
2023$13,742 per active participant
2022$1,344 per active participant

Dakota Consulting, Inc.'s 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
RAYMOND JAMES · Investment advisory (plan)$18,040
EMPOWER ADVISORY GROUP, LLC · Investment management$9,487

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$44,446 · 0.53%
2023$42,730 · 0.47%
2022$43,806 · 0.44%
Similar plansProfessional & Technical Services · Maryland
Compass Systems, Inc. MD$9.9M · 0.59%
Innovim, LLC MD$9.7M · 0.63%
Planit Advertising, Inc. MD$9.5M · 0.66%
Systems Plus Inc MD$9.5M · 1.12%
Ds Technologies, LLC MD$9.3M · 0.27%
Apkudo, Inc MD$9.1M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201419888 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.